O Shaughnessy Asset Management LLC Invests $22.85 Million in Dover Corp (DOV) Stock

O Shaughnessy Asset Management LLC purchased a new stake in shares of Dover Corp (NYSE:DOV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 258,946 shares of the industrial products company’s stock, valued at approximately $22,849,000. O Shaughnessy Asset Management LLC owned 0.18% of Dover as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DOV. Boston Partners grew its holdings in Dover by 110.3% during the second quarter. Boston Partners now owns 5,131,152 shares of the industrial products company’s stock valued at $375,601,000 after purchasing an additional 2,691,480 shares during the period. Bank of America Corp DE grew its holdings in Dover by 15.9% during the second quarter. Bank of America Corp DE now owns 5,304,419 shares of the industrial products company’s stock valued at $388,283,000 after purchasing an additional 726,930 shares during the period. Cornerstone Wealth Management LLC grew its holdings in Dover by 7,946.7% during the second quarter. Cornerstone Wealth Management LLC now owns 319,697 shares of the industrial products company’s stock valued at $4,384,000 after purchasing an additional 315,724 shares during the period. Schroder Investment Management Group grew its holdings in Dover by 80.2% during the second quarter. Schroder Investment Management Group now owns 699,811 shares of the industrial products company’s stock valued at $50,925,000 after purchasing an additional 311,500 shares during the period. Finally, Northern Trust Corp grew its holdings in Dover by 15.2% during the second quarter. Northern Trust Corp now owns 2,323,795 shares of the industrial products company’s stock valued at $170,101,000 after purchasing an additional 306,116 shares during the period. 91.78% of the stock is owned by institutional investors and hedge funds.

NYSE DOV opened at $86.42 on Friday. The stock has a market capitalization of $12.71 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.30 and a quick ratio of 0.88. Dover Corp has a twelve month low of $70.12 and a twelve month high of $90.26.

Dover (NYSE:DOV) last posted its earnings results on Thursday, October 18th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Dover had a return on equity of 21.22% and a net margin of 9.69%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. Equities research analysts predict that Dover Corp will post 4.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a $0.48 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.22%. Dover’s dividend payout ratio is currently 47.64%.

DOV has been the subject of several recent research reports. Citigroup raised Dover from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a report on Friday, September 7th. Royal Bank of Canada upped their price objective on Dover to $86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 12th. SunTrust Banks upped their price objective on Dover to $91.00 and gave the stock a “hold” rating in a research note on Friday, October 19th. Barclays upped their price objective on Dover to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 12th. Finally, BMO Capital Markets lowered Dover from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research note on Friday, September 7th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $89.77.

In related news, Director Mary A. Winston sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $82.29, for a total value of $164,580.00. Following the sale, the director now directly owns 13,055 shares in the company, valued at $1,074,295.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by insiders.

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Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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